Graphite One Files Amended PEA; Conclusions and Recommendations Unchanged

Graphite One Resources Inc.

VANCOUVER, BRITISH COLUMBIA--(Marketwired - July 12, 2017) - Graphite One Resources Inc. (TSX VENTURE:GPH)(OTCQB:GPHOF) ("Graphite One", "GPH" or the "Company") has filed on SEDAR an amended preliminary economic assessment report on its Graphite One Project after being selected by the British Columbia Securities Commission for a technical disclosure review. Unchanged are the recommendations and conclusions as set forth in the original report dated February 2, 2017 and as summarized in the Company's press release of January 30, 2017. The amendments made are all non substantive in nature.